BTC bubble bursting and fate of Feathercoin

First of all I must confess I am almost completely new criptocurrencies so please forgive me if I ask/say some stupid things. Secondly longterm speaking I agree, nothing significant should happen as ups and downs are normal in this world. It is however hard not to see pattern in the linear graphs which as I see it, indicate drop in BTC price. If one looks at DOGE graphs same pattern can be observed. Soif you are late to the party, like I am, i think it would be wise to wait with buying any coins for a week or so and observe what happens. But all in all I have little doubt that I future BTC and other coins will continue growing and therefore hopefully we will be able to profit from investing into them

@ag2288 well yesterday you may have been late to the party but today with altcoins dropping, 30% (call it burst - I have never seen that happen) welcome to the party, best time to invest, tomorrow will be an interesting day, BTC might be 6 or 10, I don’t think it will stay 8. But let me ask my grandma lol

Agree with you on first and second, but the third one: as blockchain is a revolutionary product, not many of us can mine, people who mine I agree they are the true pioneers , but some of us want to be involved in it and part of it. Reason could be for an experience , thrill, amazement, exploration or even exploitation, we would need to put in our hard earned cash for that, it’s like any other investment property or any other invt you buy (Apart from your house that you live in), it could be seen as leeches but the funding helps the blockchain community somewhat.

@vigospqr
Not looking to argue. My guess is you’re likely under 30-35 years old, perhaps unmarried, still generating a career of sorts. Probably fine if you don’t have significant debts to cover in case of a “life event”.

My view of cryptocoins is that there isn’t a shred of anything meaningful, physical or monetary as it relates to the real world, backing BTC or any altcoin. None. No real collateral whatsoever. (If you know of something, please show it to me.) The technology is open source.

If it all collapsed in an instant tomorrow, there would be no crisis in the world other than tears for those who lost their shirt investing large sums of money getting caught holding the bag. Talented devs would simply find another job programming something somewhere.

The only other real losers in the altcoin game would be AMD and nVidia.

@bluebox I see your point and I complete understand your view. I’m never here to fight but to gain experiences, Knowledge, and see other people views. So your view does make sense. Yet Fiat does not have backing anymore also.
Let me explain it as short and clearly as I can. If you want me to go deeper I’m always up for a great learning conversation. Anyways to prove that I’m not looking for an argument and more other people views and seeking knowledge I happy to share my views, opinion, and knowledge. So, I am a 28 year old Male with a wife two kids, renting an apartment and finally got a job that I hope I can advance in as it is in my field doing Integration/development for a logistic company. Also my Wife (Married for one year as of March 10th) has a job in her field also. I do have my degree in Software/Game Development. With that said now you know i’m not looking to spark a fight.

Continuing Fiat (AKA CAD, USD, EUR) are not back up by “GOLD” or the amount of gold a country obtains. It based of a debit system, as in how much that country is deemed worth based on the country has. So your somewhat right there. As “Crypto Currency” does not have a foot to stand one.
In my opinion they do, well the “real” coin anyways. What I mean is the coins that are out proving, advancing, innovating, and solving the problem a Digital Currency if trying to replace Fiat. Giving us the power back to control our own money and gain in ways you can’t with a bank. (that another topic using as example). To me they do have backing. What well the innovation as in “what can the Litecoin/Feather Coin project can do to make the current system better”. Like keeping transaction private or able to prove that a purchase took place did take place and much more. It’s the advancement in the coin itself that makes the coin valuable. to me anyways. It not about who’s supporting it but why they support it.

I hope this makes you take another look with an open mind at the real Crypto Currency Coins. Let me know if you want to hear more.
Sorry for any of my grammar mistake that maybe in here. Having A.D.D and all.

My view of cryptocoins is that there isn’t a shred of anything meaningful, physical or monetary as it relates to the real world, backing BTC or any altcoin. None. No real collateral whatsoever. (If you know of something, please show it to me.) The technology is open source.

I think BTC is more stable now. And I think it will be more stable as time goes by. And about the feather, the truth is BTC more or less controls all the crypto currencies. So, if Bitcoin become stable feather coin will also show the same trend.

BTC is an old coin, slow and expensive to make transactions. If “lightning” works and takes off I think this coin will fly again. But otherwise I can no longer see BTC being used for what was intended, a replacement for Fiat. I expect the Altcoins to continue to make better progress and BTC prices to normalise. BTC prices are very inflated, they are only so expensive due to marketing, it’s an inferior coin, so why is it 8000X times more ?

The government regulation bans are causing these price drop scares as people sell off their coins, as we fear more countries will continue to adopt this and this will effectively close the market.

We are still in a good place in that Cryptos are being marketed, talked about and “normal” every day people are becoming interested and buying them. Although most of them are buying them as they see them as an inflating “stock” / get rich quick strategy, but this doesn’t matter as it all helps improve the usage of the coins. At this stage I think we are showing that this can work, we now need more merchants to start accepting crypto.

I think whoever has the best security ,transaction fees and transaction time is going to corner the market for adoption. Yesterday I read Starbucks will start accepting crypto and of course won’t be accepting BTC as it’s far too slow and expensive at the moment

As I have said on many other threads, I am looking forward to having a universal wallet on my android, that is cloud based i.e no block chain files stored on my SSD! . Using my fingerprint to unlock + NFC I can tap to use Oyster (tube travel), buy my lunch , buy my plane tickets. Fly to Europe and tap and buy my lunch there. Tiny fee charges and an instant conversion of fiat -> crypto. Prices are fairly stable, just like currencies. No crazy currency conversion fees or need to carry all these different cards, but “credits” that we top up from our paychecks.
Funny thing is, we could be there in a few years.

Small shops hate credit cards, due to the high fees. If they accept crypto they only pay fractions of a pence, meaning we can buy our candy from a newsagent and not have to carry coins! etc

Futures looking bright, don’t care about the prices, care about the regulators!